As Israel and Iran exchange deadly salvoes for a fourth day, there are growing concerns that the conflict will spread across one of the world’s key oil- and gas-producing regions. Equity markets initially were roiled after Israel’s surprise attack on Friday but have since stabilised.
A day after Israel killed several of Iran’s top military commanders and nuclear scientists and damaged some of its nuclear sites, Israel then hit Iran’s fossil fuel sector on Saturday with Iranian state media reporting a blaze at the South Pars gasfield. More than 220 people have been killed in the Israeli attacks, including at least 70 women and children, according to Iranian authorities.
